A website domain for your business that ends in ".sucks" immediately sounds like a terrible idea. I mean, who would really want to associate any sort of negativity with their brand, right? Interestingly enough, that's exactly why this domain is spreading like wildfire. Thousands of companies, including big names like Amazon, Facebook, Salesforce, and Google are snatching up a .sucks domain for their own brand - before someone else does.
Did you know that every state in the U.S. experienced some type of flooding or flash flood within the past five years? I didn't!
It just goes to show that even homeowners who do not live near a body of water can be exposed to costly and dangerous flood risks. Even where it's least expected, a heavy rain, severe thunderstorm, or snow melting from the mountaintops hundreds of miles away can be enough to make flood waters rise. With that, many people are under the impression that insurance for flooding is included in their standard homeowner's policy; however, unless a homeowner has purchased separate coverage or added it to their existing policy, flood damages are likely not covered.
Here are some more interesting flood facts that might take you by surprise - and if they do, imagine how surprising and valuable these facts may be to a current or prospective client!
After you've submitted a risk, is it possible to get a quote back too soon? Probably not. Time is always of the essence. If you want to send your application to the top of the stack on an underwriter's desk and bind coverage even faster, you might want to keep this blog post bookmarked.
It's easy to understand why a person might feel alarmed when they see something stamped in bright red ink on the front of an important document; after all, there's a reason the text is big, bold, and red.
Now, you can imagine how someone's concerns are amplified when that important document happens to be an insurance policy and the stamped ink includes words like, "not licensed", "insolvency", and “payment of claims may not be guaranteed”.
Insurance policies are supposed to create a sense of security and peace of mind - so what's with all of this intimidating red ink and "scary" wording?
Of course we all strive to receive a favorable credit score and maintain immaculate financial history, but it doesn't always work out that way for everyone. This can be especially frustrating when trying to obtain a bond for a commercial contractor with less-than-perfect financials.
A contractor may have longevity in business, good character, decent credit, good experience, and a good relationship with a bank, but if his business financials don't show any working capital, he'll probably be declined by most bond companies for bid or performance bonding...but don't give up yet.
So many blogs, so little time. To make it easier, we've sorted through all of the articles that our authors have published so far this year to bring you our top 5 most read blog posts.
We like to think of it as a “greatest hits” compilation of the most popular industry topics and trends that have been talked about in recent months, all combined into one short list so you can stay focused and hone in on what's important.
host liquor liability,
Loss control services can be widely misunderstood and unfortunately, underutilized. As someone who works and communicates with agents on a daily basis, I think there is sometimes a huge disconnect between how an agent perceives what these services do, and what they actually do. I've noticed that some agents tend to lump loss control services into the same category as inspections or audits - when in fact, they have so much more to offer.
Transportation / Trucking,
Today's market is fueled by the ever-increasing expectations of the consumer, which changes the way that agents are marketing and selling insurance. Buyers expect top-notch service, complete with offers that are tailored to their specific needs, alternative options and comparisons, ongoing advice, and immediate satisfaction. This can make an independent insurance agent's job more difficult to sell an increase in premium, let alone more coverage. Educating the insured and making sure they are aware of the coverage they have (and what’s available) is crucial.
independent insurance agent,
"Risky", "Inferior", "Unregulated" ...there are a lot of negative connotations when it comes to excess and surplus lines insurance. The truth is, E&S isn't nearly as "sketchy" as it's made out to be. So, to put your mind at ease let's clear up a few things.
excess and surplus insurance,
excess and surplus lines,
admitted insurance markets,
non-admitted insurance markets,
excess & surplus,
Excess & Surplus Lines,
Insurance Guaranty Fund
I can't remember the last time I went a full 24 - 48 hours without hearing a news headline, reading an article, or having a conversation brought up about one very particular trending topic: cyber insurance. Even if you haven't been hearing as much about it as I have, I'm sure you've still heard enough to come to the conclusion that the demand for cyber liability insurance is steadily increasing.
So here's my thing, I'm hearing a TON about cyber risks, data breach lawsuits, and news titles announcing the latest security hack, but what I'm not hearing much of is clarity around the whole subject - for both the independent agent's side and/or the insured's side.
For instance, the following terms are all referring to protection from cyber risks, but what's the difference between each, or is there no difference at all?
data privacy coverages,
cyber liability insurance,